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Home » Betting Education » 3 Tricks to Establishing Good Staking Plans

3 Tricks to Establishing Good Staking Plans

The punter has long encountered many “sure fire” staking plans systems. The problem is determining which to trust. Beware of outrageous claims and free racing tips made by websites that are really only encouraging you to buy a book. Suddenly, free horse racing tips cost you money. A reliable staking plan is meant to capitalise on success and minimize risk. Here are some racing tips intended to help you establish a staking plan that you can develop, nurture, and work with over the course of your horse racing gaming career.staking-plans

Tip 1: The Horse Racing System of Target Plus Loss

The principle behind this system is to add losses (30% of target plus loss) back into the stake. What you’re doing is building towards a win and then the whole cycle resets. You assign a point value to each stake. This system helps to avoid either over or under betting when gambling on horse racing in particular. If the stake reaches 12 points and a profit is shown, stop the cycle and begin again. If your stake reaches 16 points and you’re showing a 10-point loss, begin again. Don’t go beyond a 21-point stake.

For example: Begin with a set bet on the first race. If you lose, divide the loss by three and add it to the next bet, which is set at five points higher than the last. So if your target is five dollars and odds are 11/4, you start with a two-dollar bet. If you lose, you proceed to a ten-dollar target and add on the losses from the previous bet and divide by three. Therefore, your next bet will be four dollars.

Tip 2: The Martingale System Helps You Lose Exponentially

The Martingale system is simple. You double the bet each time you lose until you win. The problem is that it doesn’t necessarily work out well for horse racing. It’s one thing to bet on a coin toss (50/50 outcome). But when multiple odds are in play, this system can drain the bank quickly, leaving players with more than just money problems. Unless you’re bankrolling an enormous sum and can wait out the bad luck, it’s best to play a safer sort of game. You may hit the limit of an acceptable bet (depending on where you’re using this system). There are table limits in casinos, as well as limits on off-track betting.

Tip 3: The Division System: Be Slow and Sure

You begin by dividing your bank by nine to determine your fist bet. If you lose, divide the remaining bank again by nine. Once you back a placegetter, you divide by five and continue until you lose. At this point, divide by seven. If you win, you stake 1/5th on the next bet. If you lose, you return to 1/9th of your bank. This method is slow but stable.

Here’s an extra, free horse racing tip—slow down. You may have thought that horse racing was fuelled by speed and adrenaline. But if you have a competent staking system in play, your career will be far longer. In the end it’s up to you to determine the level of risk you’re willing to take. Just remember that there is no “sure” system for winning or predicting horse racing results. Anyone who makes this claim is most likely trying to play the odds against you and separate you from your hard earned money. And that’s a system that’s as old as horse racing itself.